The Insurance Brokers Association of India (IBAI) has announced the appointment of Narendra Kumar Bharindwalas as the new President at its board meeting. With more than two decades of experience in the insurance broking industry, Narendra Bharindwal’s expertise lies in insurance broking, risk advisory, regulatory compliance and industry advocacy.
In his new role, he will further lead the association ahead in its vision to further strengthen the role of insurance brokers in the Indian market and foster successful partnerships between insurance brokers, insurers and regulatory authorities to ensure a transparent and customer-oriented insurance environment.
While Mohan Sriraman has been elected as the new Vice President of the association, the other key board members include – Surender Kumar Tonk as the other Vice President; Nirmal Bazaz as Director & Hon. Secretary; and Ashok Kumar Jain as Director & Hon. Treasurer.
Narendra Bharindwal, said, “I feel honoured to be elected as the President of IBAI at such a crucial period wherein the insurance industry is witnessing fast-paced growth transformation through technology, regulatory changes and evolving customer requirements. In my best capacity, I will focus on strengthening the role of brokers in the industry, advocating for industry-friendly policies and increasing awareness on the need for investing in insurance among customers. All of us at IBAI, extend our heartfelt gratitude to Mr. Sumit Bohra for his dedicated service and contributions to the association’s initiatives and industry.”
Sumit Bohra, outgoing President of IBAI, said, “I extend my heartfelt congratulations to Mr. Bharindwal on his election as the new President of IBAI. With his vast knowledge and understanding of the nuances of the insurance sector, I am extremely confident that he will take the association’s growth vision ahead strategically and play a key role in advocating and strengthening the broking industry.”
